Sep 24, 2013
Signals
Short term signal: UP - it will turn down bellow 1695
Intermediate term signal: UP - it will turn down bellow 1695
Comment: The price bounced two times from around ~1695 and a move bellow that will generate a sell signals.
Watch price behavior for clues:
- top is in and leg down has begun - sell off continues and we see technical damages - move bellow 1670.
- a rally higher underway - not more than a pullback to support 1675-1682 and another move higher.
Levels to watch SP500:
- 1710-1725 - resistance zone from different trend lines
- 1675-1682 - support
- 1627 support level
- 1598 is major support.
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